$BULLA faces serious technical obstacles. The current price $0.0105 is significantly below all major moving averages, including the 30-day SMA ($0.025) and the 200-day SMA ($0.044). This indicates a persistent downward trend, where each of these averages acts as resistance.

BULLA

Alpha

0.0094532

+11.46%

The MACD indicator, while remaining in negative territory, shows a bullish cross (the histogram becomes positive), hinting at a possible short-term increase in momentum. The nearest resistance according to Fibonacci levels is at 23.6% — $0.049.

Such a technical picture in the short term is negative for the price. For a trend reversal to BULLA, it is necessary to consecutively break through several resistance levels, which will require significant buying pressure. The positive divergence of the MACD suggests that selling pressure may be easing, but this does not guarantee a reversal. #BULLA #Write2Earn $BTC $POWER